Retendering21-22

 ap24 The Legislative Assembly of Macau’s  approval  of gaming credit legislation, which prohibits junkets from extending gaming credit, is viewed as a significant step towards aligning with public policy in China and Macau. Fredric Gushin, managing director of Spectrum Gaming Group In an interview with AGB, industry veteran  Fredric Gushin  endorsed the legislation, stating, “There are unique issues in China because gambling debts are not legal, making the credit decision more important. The junkets operated in an old-fashioned, underground manner, which was inconsistent with public policy in China, Macau, and indeed the world.” Gushin believes that casinos should be responsible for everything that occurs within their premises, hence “the concept of junkets performing critical casino-related functions is inconsistent with that.” He also noted the cessation of junkets owning the cage (physical cashier counters on casino floors), likening it to the gaming credit legislation. The recent

 ap24 Chief Executive Ho Iat Seng acknowledged yesterday that Macau’s economic development is “currently facing new challenges”, but he underlined the city’s “promising” development prospects with its economic development “full of vitality, dynamism and potential”. Ho did not elaborate on the “new challenges”. The chief executive made the remarks when delivering a speech during a reception at The Plaza Restaurant in Zape marking tomorrow’s International Workers’ Day hosted by the Macau Federation of Trade Unions, commonly known as Gung Luen in Cantonese. Ho noted that this year marks the 75 th   anniversary of the founding of the People’s Republic of China (PRC) and the 25 th   anniversary of Macau’s return to the motherland. https://www.macaupostdaily.com/article21368.html Apr24 L awmaker José Pereira Coutinho has painted a dark picture of the local economy, calling on the government to enforce new financial support measures such as the reissuing of electronic consumption cards. The l

 Apri24 As a patriotic Chinese enterprise deeply rooted in Macau, Galaxy Entertainment Group (“GEG”) actively encourages its team members, local youths, and the community to keep abreast of the country and Macau’s development through various approaches. As this year marks the 75th anniversary of the founding of the People’s Republic of China and the 25th anniversary of the establishment of the Macau Special Administrative Region (“SAR”), GEG hosted the “Sharing Session of the NPC and CPPCC – GEG National Education Series” for the fifth consecutive year with the support of the Macao Chamber of Commerce (“MCC”) and the Chinese Cultural Exchange Association (“CCEA”). Held today at the Galaxy Auditorium of the Galaxy International Convention Center, the event invited Mr. Chui Sai Peng, Deputy to the National People’s Congress (“NPC”) and Chairman of CCEA; Mr. Ma Chi Ngai, Member of the National Committee of the Chinese People’s Political Consultative Conference (“CPPCC”) and President of B

 Mar24 MACAO --  After more than 40 years, Macao’s  horse racing  track hosted its final races on Saturday, bringing an end to the sport in the city famous for its massive casinos. In January, the city’s government said it would terminate its contract with the Macao Jockey Club in April. The decision came at the request of the Macao Horse Race Company, which cited operational challenges as part of the reasons for the closure. On Saturday, gamblers congregated in the half-full stands and placed their final bets. Some tourists also visited the track. Mai Wan-zun, a student from mainland  China  in Macao, said she wanted to get a taste of the atmosphere. “We could come to see horse racing here in Macao, but not in mainland China,” she said. https://abcnews.go.com/International/wireStory/chinas-gambling-hub-macao-holds-final-horse-race-108678089